How to Receive Payments From Overseas Clients in Bolivia (2025)
In 2025, Bolivia’s payment environment is changing rapidly in response to major economic challenges. The Central Bank of Bolivia (BCB) removed the national cryptocurrency ban, updated payment regulations, and allowed banks to offer digital asset services. BCB Acting President Edwin Rojas Ulo described these changes as “taking giant steps towards an economic future with greater use of accessible digital instruments” (Cointelegraph, 2024).
These reforms are a direct response to high inflation, rising prices, stagnant wages, and a shortage of U.S. dollars. QR code payments in Bolivia surged by over 4,700% between 2021 and 2024 (Bolivian Thoughts, 2024).
For Bolivian businesses, adapting to this new reality is essential to efficiently receive international payments in Bolivia. As a leader in stablecoin payments infrastructure, Mural Pay helps companies access compliant, rapid, and global payment solutions.
The New Payment Landscape: Regulations, Risks, and Opportunities in Bolivia
Bolivia’s regulatory setting for cross-border payments Bolivia changed significantly in June 2024, when the BCB permitted banks to process cryptocurrencies. This update led to a 100% increase in average monthly virtual asset trading, with volumes reaching $15.6 million by September 2024 (The Crypto Desk, 2024).
Simply put, the rules—and options—for international payments have changed almost overnight.
Every foreign currency transaction now requires routing through authorized channels and adherence to AML and KYC rules. Compliant platforms that meet international AML standards now stand out for reliability and transparency. For a deep dive into legal stablecoin use in Bolivia, see our compliance-focused guide.
Top Methods to Receive Payments from Overseas Clients in Bolivia (2025)
With new regulations, how to get paid from overseas clients Bolivia now presents more choices than ever. Here’s a comparison of leading, compliant payment methods for Bolivian businesses in 2025:
1. Mural Pay: Stablecoin Payments Infrastructure for the Americas
Mural Pay enables Bolivian businesses to receive instant, low-cost payments from global clients using stablecoins like USDT and USDC, all within a regulated framework. Batch payments for Bolivian agencies and real-time tracking make Mural Pay a top choice for exporters, agencies, and tech firms.
Stat: Businesses using Mural Pay’s batch/recurring payments report up to 70% time savings on reconciliation and payout cycles (Mural Pay, 2024).
Compliance: All transactions are processed under Bolivian AML/KYC requirements.
2. USD Virtual Accounts
Opening a USD virtual account Bolivia allows businesses to receive USD payments as if they had a foreign account, overcoming local bank limitations. Most local banks in Bolivia do not support direct PayPal or Stripe payments, further increasing the value of digital solutions. For details, see our step-by-step guide.
Benefit: Direct USD receipt is essential due to Bolivia’s dollar shortages.
Regulatory: Inflows must be declared to Bolivian authorities.
3. Digital Wallets and QR Payments
Digital wallets for Bolivian companies—VPay, $imple, and others—are thriving, driven by regulatory approval and consumer adoption. QR code payments have become mainstream for B2B and B2C transactions.
Stat: QR code payments grew from 6 million to 290 million transactions (4,733%) between 2021 and 2024 (Bolivian Thoughts, 2024).
4. Fintech Payment Platforms
Platforms like Wise and dLocal offer multi-currency solutions, letting Bolivian exporters accept payments at lower fees. Adoption of these platforms in Latin America rose 44% year over year.
Fact: Typical fintech transaction fees are 1–2%, compared to 6–8% for traditional wires (World Bank, 2023).
5. Traditional Bank Wire Transfers
Traditional wire transfers Bolivia are still possible, but high fees, long settlement (3–7 days), and stricter compliance make them a last resort.
Compliance: All wires must go through authorized institutions and be reported under BCB rules.
For further details, see our Best International Payment Methods for Bolivian Companies.
Step-by-Step: How to Receive Payments Using Mural Pay
Modern platforms like Mural Pay make receiving USD in Bolivia practical and compliant. Here’s how it works:
Sign Up and Complete KYC/KYB: Register and verify your business.
Create Virtual Accounts: Instantly open USD/EUR accounts for international payments.
Invoice Clients: Send invoices in multiple currencies, accepting fiat or stablecoins.
Receive and Track Payments: Use Mural Pay’s dashboard for real-time settlement and tracking.
Batch and Reconcile: Automate high-volume payouts.
Stat: Agencies switching to Mural Pay have seen up to 70% time savings on payouts (Mural Pay, 2024).Ensure Compliance: All payments meet Bolivia’s AML/KYC standards for full legal transparency. Mural Pay’s audit trail and transaction monitoring features support compliance with Bolivian and international regulations.
For more on batch payments and reconciliation, visit our Payments page and Virtual Accounts page.
Key Compliance & Tax Considerations for Cross-Border Payments
It’s a question every Bolivian business faces: How do you maintain full legal compliance receiving payments from abroad?
Compliance is non-negotiable. As the Central Bank of Bolivia states, “Since the regulation came into force, the population has an alternative mechanism to process transfers to and from abroad and electronic commerce payments, among other activities” (Cointelegraph, 2024). Businesses must follow AML/KYC rules, declare all foreign currency inflows, and maintain records. Failure can mean fines or account restrictions.
In some cases, non-declared inflows have resulted in frozen business accounts or official investigations.
For definitions and more, see our Glossary.
Real-World Proof: How Bolivian Businesses Are Succeeding with Modern Payment Solutions
Bolivia’s new payment options are producing results. Banco Bisa’s launch of USDT custody services in October 2024 allowed clients to securely transact stablecoins in the formal financial system, reducing risks found on unregulated platforms (Cointelegraph, 2024).
After regulatory changes, crypto transaction volumes doubled—from $7.6 million to $15.6 million in just three months (The Crypto Desk, 2024).
Recently, Bolivia’s state energy firm YPFB implemented a system to use digital assets for imports, underscoring national-level confidence in these solutions.
As ASFI President Yvette Espinoza notes: “This is a custody service that will allow clients to carry out various operations safely, reducing the risk of unsafe interactions in the cryptocurrency market” (Cointelegraph, 2024).
For a closer look at batch payment efficiency, check out our step-by-step guide.
Why This Matters: The Future of Receiving International Payments in Bolivia
Bolivia’s payment modernization and regulatory reforms are shaping the future for any business with international ambitions. As adoption grows, experts expect broader digital asset and fintech integration. BCB leadership affirms, “BCB is paving the way for the use of cryptoassets in Bolivia. Our country is taking giant steps towards an economic future with greater use of accessible digital instruments” (Cointelegraph, 2024).
The government is also investing heavily in agriculture and mining to attract up to $5 billion in foreign capital—making efficient, compliant global payments more important than ever.
Cross-border payments Bolivia are entering a new era—one defined by speed, compliance, and innovation. For more, see Can Stablecoins Help Bolivian Businesses Beat Dollar Shortages?
References
Bolivian Thoughts. (2024). Bolivia electronic payment methods: Medios electrónicos de pago. https://bolivianthoughts.com/2024/12/21/bolivia-electronic-payment-methods-medios-electronicos-de-pago/
Cointelegraph. (2024). Bolivia reports 100% increase average virtual asset trading last 3 months. https://cointelegraph.com/news/bolivia-reports-100-increase-average-virtual-asset-trading-last-3-months
The Crypto Desk. (2024). Bolivia experiences over 100% increase in crypto transactions following legalization of payments. https://thecryptodesk.com/2024/09/28/bolivia-experiences-over-100-increase-in-crypto-transactions-following-legalization-of-payments/
World Bank. (2023). Remittance Prices Worldwide. https://remittanceprices.worldbank.org/
Reuters. (2024). Bolivia’s big state economic model slowly implodes, fear total crisis. https://www.reuters.com/world/americas/bolivias-big-state-economic-model-slowly-implodes-fear-total-crisis-2024-12-16/
